Humanity is pinning its future on the thought that we will hit intractable information-theoretic limitations which provide some sort of diminishing returns on performance before a hard takeoff, but the idea that the currently demonstrated methods are high up on some sigmoid curve does not seem at this point credible. AI models are dramatically higher performance this year than last year, and were dramatically better last year than the year before, and will probably continue to get better for the next few years.
That's sufficient to dramatically change a lot of social & economic processes, for better and for worse.